MIAMI, FL—Nov. 2, 2010— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing in the amount of $3,600,000 for the Shoppes of Village Pointe in Boca Raton, Florida.
Marshall Smith (top right photo), Company Executive Vice President, secured financing for the Shoppes of Village Pointe through Thomas D. Wood and Company’s correspondent relationship with The Standard Life Insurance Company.
The fixed-rate loan has a term of five years, with a rate adjustment every five years, based on a 25-year amortization and interest rate of 5.25%. The loan-to-value is 30%.
The 73,000 square-foot retail center was built in 1985 and is home to major tenant Outback Steakhouse.
The Shoppes of Village Pointe is located at 6018 SW 18th Street, Boca Raton, Florida.
The Shoppes of Village Pointe is located at 6018 SW 18th Street, Boca Raton, Florida.
For further information, please contact:
Marshall Smith, (305) 447-7825, msmith@tdwood.com
Jessica Kinnee, (407) 937-0470, jkinnee@tdwood.com
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